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Making financial wellness a priority for student success

Confessions of a Community College Dean

Image: Financial wellness may not be the first area that comes to mind when thinking of well-being, but it is considered one of the eight dimensions of wellness. Inside Higher Ed spoke with three financial aid professionals about their best strategies to strengthen this area for students. What Is Financial Wellness?

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College endowments dropped in fiscal year 2022

Confessions of a Community College Dean

NACUBO also found that colleges increased their endowment spending, with dollars increasingly flowing toward institutional operating budgets, largely focused on student financial aid. Colleges tapped into their endowments for a variety of reasons, but primarily for student financial aid.

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Tennessee State cites past underfunding as cause of problems

Confessions of a Community College Dean

Mumpower told lawmakers that university leaders should have foreseen a housing crisis, given that it more than quadrupled its 2022–23 scholarship budget to $28.3 “In the fall of 2021, management decided to conduct an extensive recruiting campaign to bring in more students, which by itself is not an issue. million, from $5.2

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Dual enrollment can be costly for community colleges

Confessions of a Community College Dean

The courses can require colleges to negotiate articulation agreements with school districts or schools, evaluate faculty, add IT infrastructure, and hire personnel dedicated to enrollment management, advising and supports for high school students, among other needs, all of which take time and money. percent of its total budget.

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Income-driven repayment overhaul draws praise, criticism

Confessions of a Community College Dean

The Education Department on Tuesday unveiled the details of its planned overhaul of income-driven repayment, which could transform the financing of higher education by providing more generous student loan repayment and forgiveness terms. Over all, the changes are expected to have a net budget impact of $137.9